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HomeMy WebLinkAboutReso 169-13 Schaefer Rch Tr 7656 Accp Ded RESOLUTION NO. 169 - 13 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN * * * * * * * * * * * AUTHORIZING THE CITY MANAGER TO ACCEPT THE SCHAEFER RANCH PARK IMPROVEMENTS AND TO ACCEPT THE DEDICATION OF PARCELS `T-1', `T-2' AND `W' OF TRACT 6765, PENDING COMPLETION OF THE REMAINING MINOR REMEDIATION WORK AND SUBMISSION OF THE NECESSARY PROJECT CLOSEOUT DOCUMENTS BY SCHAEFER RANCH HOLDINGS, LLC WHEREAS, Schaefer Ranch Holdings, LLC previously entered into an Agreement with the City of Dublin to dedicate the land and develop the improvements for Schaefer Ranch Park; and WHEREAS, said improvements have been substantially completed in accordance with the approved plans and specifications, and any approved modifications thereof, to the satisfaction of the Parks and Community Services Director; and WHEREAS, there is minor remediation work and the submission of the proper project closeout documents that must be completed by Schaefer Ranch Holdings, LLC, prior to acceptance of the park by the City; and WHEREAS, there is minor remediation work to the native grass plantings on the slopes adjacent to the developed park land that can be completed following the park acceptance without impacting park operations and will require a separate agreement ("the Deferred Improvement Agreement") to complete the work following project acceptance; and WHEREAS, Schaefer Ranch Holdings, LLC originally provided Faithful Performance and Labor and Materials Bonds issued by Travelers Casualty and Surety Company of America, each in the amount of $4,371,055.00 (Bond No. 104757051), to guarantee said Schaefer Ranch Park Improvements; and WHEREAS, on July 16, 2013 the City Council adopted Resolution 125-13 authorizing the City Manager to approve a reduction in the Faithful Performance Bond (Bond No. 104757051) once conditions have been met for which the City has received the Decrease Rider for the Faithful Performance Bond; and WHEREAS, the remaining Faithful Performance and the Labor and Materials bonds that guaranteed the improvements can be released, in accordance with the authority contained in Section 66499.7 of the Government Code of the State of California, and replaced with a Warranty Bond in the amount of $1,092,764 to guarantee the completed work for a one year period following acceptance; and WHEREAS, the Final Map for Tract No. 6765, in the incorporated territory of the City of Dublin, County of Alameda, State of California, was accepted by the City Council on February 20, 2007, all in accordance with the provisions of the Subdivision Map Act of the State of California and the City of Dublin Municipal Code; and Page 1 of 2 WHEREAS, as part of the Final Map, Schaefer Ranch Holdings, LLC made an offer of dedication to the City following improvement of Parcels T-1, T-2 and W of Tract 6765, which encompasses the park area; and WHEREAS, it is in the interest of the public to accept the park and open it for use in a timely manner. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin authorizes the City Manager to accept the park improvements, subject to the aforesaid one-year guarantee, after the work has been completed to the City Manager's satisfaction, excepting the work subject to the Deferred Improvement Agreement, the Developer has executed the Deferred Improvement Agreement, and all project closeout documentation has been received to the satisfaction of the City. BE IT FURTHER RESOLVED following acceptance of the completed park improvements by the City Manager that: 1. Staff will file a notice of completion with Alameda County Clerk. 2. The Labor and Materials Bond issued by Travelers Casualty and Surety Company of America in the amount of $4,371,055.00 for the Schaefer Ranch Park Improvements (Bond No. 104757051) be released in accordance with the Civil Code commencing with Section 8410; and 3. The remaining Performance Bond issued by Travelers Casualty and Surety Company of America in the amount of $180,500 for the Schaefer Ranch Park Improvements (Bond No. 104757051) be released; and 4. The said Parcels 'T-1', 'T-2' and 'W' of Tract 6765 as offered for dedication to the public upon completion of the park improvements will be hereby accepted; and that the Clerk of this City Council is hereby directed to transmit a certified copy of this Resolution to the County Recorder for filing . PASSED, APPROVED AND ADOPTED this 1st day of October, 2013, by the following vote: AYES: Councilmembers Biddle, Gupta, Hart, and Mayor Sbranti NOES: None ABSENT: Councilmember Haubert ABSTAIN: None a/ "an Mayor ATTEST: 6 -vo - City Clerk Reso No. 169-13,Adopted 10-1-13, Item 7.2 Page 2 of 2